How I Got Instant Loan from GTBank Quick Credit

I remember when I wanted to pay my office rent a few years ago, I wasn’t financial buoyant and I decided to approach two of the commercial banks that I have accounts with and I must confess that the whole experience was frustrating.

Generally, as an SME or self-employed, to get loans from the commercial banks in Nigeria is pretty difficult as you will be asked to present documents and collaterals beyond your reach. I have tried accessing loans for my business in the past and I know how frustrating the whole process and requirements can be.

Sometimes you don’t blame the banks as many SMEs do not position themselves well before approaching banks for a loan.

Many bank customers do not know how to build a relationship with their banks and many do not have a good credit history. Credit history is very important if you are looking forward to accessing loans from the banks. This article, Your Credit History: What You Should Know shed more light on this topic and I enjoin you to read about it and try to work on your credit history.

In the past, it was very difficult for SMEs to get bank loans without collateral. In recent time, I have seen banks come up with products to support SMEs and salary earners without asking for any collateral in any form. One of such products from a commercial bank is GTB Quick Credit.

There are numerous products and apps from both commercial banks and non-commercial banks alike that you can get a small business loan or instant loan and this article here highlights the major ones: Top Lending Platforms to Get a Quick Loan Within 10Mins to 24hrs Without a Collateral

I used to see GTB adverts on Quick Credit everywhere I go and I tried to access it once and it was no! So I never bothered going back to initiate the process again because I believe it was for salary earners.

On the 14 of August, I logged in to my GTWorld app to initiate a transfer, lo and behold, a message popup that I’m pre-qualified for a loan of N75,000. That I should press yes to accept or no to reject and out of curiosity, I pressed yes.

The app took me to another page where I was shown the total loan amount, interest and the loan tenor which is 6 months. I pressed accept and immediately, my account was credited with N75,000 loan with a repayment plan of 6 months.

It was surprising and the words that came out of my mouth were “so this thing works”. I didn’t have the intention of borrowing from them, but now I understand the importance of building a relationship with your bank and also building my credit history, I was happy to get the loan from GTB and I immediately transferred the money to my Facebook and Google ads accounts so as to make more money in order to pay back the loan.

From the loan repayment schedule that GTBank sent to me, I will be pay between N12,697.75 – N13,276.70 every month for 6 months starting August 31. My repayment due date is every last day of the month.

I have seen people that have received N150,000 and N500,000 as self-employed. A salary account holder with GTbank can get up to N5 million depending on how much they earn every month.

So what is GTB Quick Credit:
GTB Quick Credit is a time loan available to salary and non-salary account holders with the bank. It’s an instant loan without collateral and you can get up to N5million as a salary account holder and up to N1million for a non-salary account holder.

What is the interest rate:
The interest rate of 1.75% monthly. That means for a loan that will last for 6 months you will pay 10.5 % and a loan that will last for 12 months you will pay 21%.

Loan Tenor:
The payback period is between 6 months to 12 months.

How to Apply for GTB Quick Credit:
Do you have an account with GTbank and are you interested in getting a quick credit?
There are two ways you can apply for quick credit.
1) The first method to apply is by using a USSD. You need to dial *737*51*51# to request for Quick Credit instantly.
2) The second method is making your Quick Credit request using GTBank online and mobile banking platforms (Internet Banking, GTWorld, GTBank Mobile App and Habari App)

Have you tried using GTB Quick Credit and what was the experience like?

Kindly share your experience with us using the comment box below.

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Utibe Etim is a social entrepreneur, a business developer, and an IT expert. He is committed to solving some of the biggest problems in entrepreneurship eco-system by supporting young entrepreneurs in identifying opportunities and resources to help them plan, start and grow their businesses. He is the founder of, a platform that focuses on promoting entrepreneurship as a viable career option and a solution to unemployment for young Nigerians and Africans which in turn create wealth and economic development. Utibe Etim develops business plans, feasibility studies, website development, social media marketing just to mention a few. He writes unique and inspiring articles and share tips on business and technology. You can connect with him on Facebook personal profile or Facebook Business page or Twitter: @Twitter or Phone: 07031542324 or or contact me on info(at) or utibeman(@)


  1. I got a loan of 750,000 early this month 9August) at 1.75% IR. had been seeing the popup for sometime whenever I logged into my GT World app. The maximum loan-able amount the app showed me was 1,100,000. I don”t know how they came about this amount, but all I know it that I wanted to give it a try and I did. I expected to get a call from the bank in the morning to submit some forms or to get employers details etc. However, in less than 5 mins, (5am to 5:10am), I received a credit alert of 750,000. My account balance was around 5,000 before this.
    So it was not a function of the amount in the account or transaction cause it’s my salary account.

    • Wow! Thank Olukunbi for sharing your experience. That is a lot of money and it will help you solve a lot.
      This should encourage in dare need of urgent money to take advantage.

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